Thomas H. Sullivan
Attorney at Law
Wills, Trusts and Dying Intestate
Posted on: January 2nd, 2019
Most people understand that having some sort of an estate plan is a good thing. However, many of us don’t take the steps to have an estate plan prepared because we don’t understand the nuances between wills and trusts – and dying without either....
Wills vs. Trusts: A Quick & Simple Reference Guide
Posted on: December 27th, 2018
Confused about the differences between wills and trusts? If so, you’re not alone. While it’s always wise to contact experts like us, it’s also important to understand the basics. Here’s a quick and simple reference guide:...
What is an Inheritor’s Trust?
Posted on: December 11th, 2018
When it comes to estate planning there are several types of tools you can use, depending on your circumstances. One such estate planning tool is the trust. There are numerous types of trusts aimed at fulfilling different estate planning purposes. If you are anticipating an inheritance, there is a special type of trust designed to help protect it: an inheritor’s trust....
Murphy’s Law and Estate Planning
Posted on: November 17th, 2018
As the old adage goes “anything that can go wrong, will go wrong.” Referred to as Murphy’s law, this well-known saying has no mercy. Sadly, estate planning is no exception to its wrath. There is hope! Below are five-estate planning mistakes and how to fix them:...
Caution: Creditors Now Have Easy Access to Inherited IRAs
Posted on: November 16th, 2018
Do you have IRAs or other retirement accounts that you plan to leave to your loved ones? If so, proceed with caution. As opposed to when you own the retirement accounts, inherited retirement accounts do not have asset protection, meaning they can be seized by creditors....
Giving Thanks With Your Estate Plan
Posted on: November 11th, 2018
Estate planning covers more than just financial matters. Indeed, many use their estate plan to pass along their values as well as their wealth. One way to do this is to give thanks with your estate plan, by designating charitable giving or specific gifts that will help ensure your legacy...